Topic: Fannie Mae
The bankers should pay, Obama says. But some think the money would come out of shareholders’ pockets, and others say the big banks would pass it along to consumers and businesses.
01/14/2010 06:57 pm
To recoup taxpayer money used in the bailout of financial firms, Obama on Thursday outlined a fee that big banks would have to pay for 10 years or more.
01/14/2010 01:26 pm
Home mortgage foreclosures and delinquencies were up in the third quarter despite greater efforts to help homeowners. Defaults on modified loans were also high.
12/21/2009 06:39 pm
Citigroup is holding off on foreclosures and evictions for 4,000 homeowners. Fannie Mae and Freddie Mac are expected to make a similar announcement, and other financial institutions are expected to follow suit.
12/17/2009 06:34 pm
President Obama and Treasury Secretary Timothy Geithner appeared to contradict each other this week on whether the TARP program would be extended. The mixed signals reflect the political unpopularity of the bank bailouts.
12/09/2009 12:00 am
Such government largess for the housing industry misdirects US savings away from investments into globally competitive businesses.
11/06/2009 12:00 am
Fannie Mae and Freddie Mac remain insolvent, and their share prices could fall to zero, one private-sector investment firm concludes.
10/19/2009 01:00 am
The government should no more meddle in your decision to buy a home than it should interfere with your decision to buy a car.
10/02/2009 01:00 am
With its FOMC statement, Federal Reserve says it will slow debt purchases.
09/23/2009 01:00 am
A government index of home prices saw a modest gain of 0.3 percent in July, in a hopeful sign for the housing market.
09/22/2009 01:00 am